HubStyle SA Management Board (Issuer, Company) informs that today financing was initiated based on the concluded between ING Bank Śląski S.A. based in Katowice, and Sugarfree Sp. z o.o. a subsidiary of the Issuer, contracts for a multi-product agreement and a discount agreement concluded on August 31, 2017. br> As part of a multi-product agreement, Sugarfree Sp. z o.o. received a limit of PLN 390,000.00 which can be used in the form of a current account overdraft br> up to the limit granted or bank guarantees up to PLN 100,000. br> Under the discount agreement, Sugarfree Sp. z o.o. received a renewable supplier financing line in the amount of PLN 600,000.00. The loan will be used in a non-cash form against the credit account through the implementation of the instruction of Sugarfree Sp. z o.o. up to the amount of credit granted. br> The term of the line availability under the multi-product agreement was determined until August 29, 2018, and the availability of supplier financing lines until August 27, 2018. br> The remaining provisions of the agreements are of market nature. br> The credit repayment security is a blank promissory note together with a promissory note signed by the Issuer up to the amount of the Bank's receivables with interest, commissions and any other costs resulting from the loan. br> The Management Board of HubStyle SA hereby communicates this information, as it concerns the development of a subsidiary company br> and in the Issuer's opinion it will have a positive impact on its financial and economic situation. Br>
Source: company website, investor relations, current and periodic reports.